Malaysian Airline System Bhd. (MAS MK) jumped 7.5 percent
to 1.72 ringgit, the steepest gain since May 26, 2010. Its
parent Khazanah Nasional Bhd. agreed to swap a 20.5 percent
stake in the company for a 10 percent holding in budget airline
AirAsia Bhd. (AIRA MK), forging ties between the nation’s two
biggest carriers. AirAsia fell 10.4 percent to 3.54 ringgit, the
most since Dec. 1, 2008. Its rating was cut to “sell” from
“buy” at UOB-Kay Hian Holdings Ltd., which said in a report
the tie-up was unlikely to benefit the low-cost carrier.

Hartalega Holdings Bhd. (HART MK), a producer of synthetic
and latex gloves, gained 2.2 percent to 5.51 ringgit, its
steepest advance since April 15. Hartalega’s profit for the
first quarter ended June 30 rose 32 percent to 54.8 million
ringgit, it said in a company statement.

MBf Holdings Bhd. (MBFH MK), a credit card, property and
auto group, added 5.7 percent to 56 sen, the most since March
18. MBf said second-quarter profit surged to 79.7 million
ringgit from 6.9 million ringgit a year earlier, bolstered by
one-time gains from a fair-value adjustment for its investment
properties.

Muhibbah Engineering (M) Bhd. (MUHI MK) climbed 4.3 percent
to 1.22 ringgit. The builder was informed that Asia Petroleum
Hub Bhd. had reached an agreement with CIMB Bank Bhd. to remove
it from receivership, according to an exchange filing. Muhibbah
is a contractor on its petroleum hub project.

TDM Bhd. (TDM MK), a palm oil producer, advanced 2.8
percent to 2.92 ringgit, the largest gain since June 7. Second-quarter net income more than doubled from a year earlier to 32
million ringgit, according to a company statement.